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Risk and continuity

This page features articles on risk management and business continuity in procurement and supply. It also includes articles on supply chain risk and how to mitigate against threats.

Latest articles

Mining giant's profits drop following aluminium acquisitionRio Tinto's chief executive declines bonus over his part in the deal that saw the value of the acquired company drop an estimated £5.6 billion. 09 February 2012
Incidents of procurement corruption uncovered at South African universityMinister Nzimande: "We will call on our courts to impose the maximum sentence where cases are proven." 09 February 2012
Hubwoo quarter four profits riseThe company's revenue for the fourth quarter was €9.5 million (£7.9 million), but it suffered an 8 per cent fall in total revenue in comparison with the same quarter in 2010. 01 February 2012
Buyers told to stockpile ahead of Olympics"The street outside is going to be choked with coaches leaving at a rate of 700 an hour." 31 January 2012
Procurement fraud costs UK more than £5 millionKPMG's Fraud Barometer finds seven cases of purchasing fraud totalling £5,096,805. 31 January 2012
Climate change presents a 'material risk' to the supply chainA report warns the majority of organisations have not faced up to the problems and disruption that a changing climate will cause to business operations. 27 January 2012
More UK firms declared insolvent in 2011The number of companies going out of business increased compared with 2010, and caution is advised in the year ahead. 25 January 2012
Staff money-saving ideas save fire service £3 millionCost-cutting tips generated by staff at Shropshire Fire and Rescue Service put it on track to meet a £4 million savings target. 24 January 2012
EU's Iranian oil ban unlikely to hurt buyersAs the European Union adopts an oil embargo against Iran due to its nuclear programme, analysts assure price impact will be miminal. 24 January 2012
Freight theft in the US hits record highAmbiguity in the supply chain leads victims to "literally hand over cargo". 22 January 2012
Women's magazine achieves savings from outsourcingThe Lady, England's longest-running weekly magazine for women, made an average of 16 per cent of savings after outsourcing part of its cost and purchase management to Auditel. 21 January 2012
Supplier fraud in the public sector up by 19 per centBuyers are advised to keep a closer eye on third parties and act when they uncover corruption. 18 January 2012
Bearish market for energy buyersPlentiful supplies and 'warmish' weather make it a good time to buy energy. 18 January 2012
Contamination concerns led to orange juice price hikeThe cost of OJ on the ICE futures exchange was sent rocketing this week over fears of a supply shortage. 14 January 2012
UPS gears up for Olympics with 2013 vehiclesThe London 2012 logistics company has brought forward its 2013 vehicle requirements to assist with "the biggest logistics event in the world". 13 January 2012

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Contamination concerns led to orange juice price hikeThe cost of OJ on the ICE futures exchange was sent rocketing this week over fears of a supply shortage.

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That's the way to do itPaul Carter Hemlin explains the differences, benefits and drawbacks of four methods of dispute resolution 05 March 2009
Take a look around youWith a renewed focus on risk, internal audits of procurement are on the rise. Paul Desrosiers looks at how to prepare 13 May 2010